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21 Road 3160 Aztec, NM 87410

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Estimated value
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Property summary

AI-generated overview

This exceptional 8,712,000 square foot land parcel in Aztec, New Mexico, presents a compelling investment opportunity. Located at 21 Road 3160, San Juan County, zip code 87410 (latitude 36.8242717, longitude -108.0516712), this property offers a unique blend of agricultural potential and established revenue streams. The land includes existing irrigation infrastructure, featuring sprinklers and side rolls, ideal for various agricultural uses. Furthermore, the seller reports existing gas royalties and royalties from an on-site gravel pit, providing additional income generation beyond agricultural pursuits. This combination of established income and agricultural potential creates a potentially lucrative investment. The asking price for this expansive property is $6,500,000. Please note that access to a home located on the property is unavailable until October 28, 2024. Additional information can be found under MLS#24-1204. This is a rare opportunity to acquire a large-scale property with diverse income streams in a desirable New Mexico location.

Property profile

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Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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